Is 'full employment' synonymous with 'the natural rate of unemployment'?

Question

Rich S. · Accepted Answer

“Economists consider the economy to be at full employment when the actual unemployment rate is equal to the natural unemployment rate. ”This from a text I use from OpenStax.

Is 'full employment' synonymous with 'the natural rate of unemployment'?

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Is 'full employment' synonymous with 'the natural rate of unemployment'?

1 Expert Answer

Still looking for help? Get the right answer, fast.

OR

RELATED TOPICS

RELATED QUESTIONS

Need help with inflation / interest rate problem?

The macro policy to keep recessions short and mild is:

The Great Recession of 2008 set the stage for:

Suppose the government engages in over production of a good. What are the likely effects on the private production of other goods? Explain.

Why is this not a dmeand pull inflation

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